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Fly News Breaks for February 13, 2020
FRTA
Feb 13, 2020 | 05:05 EDT
Goldman Sachs analyst Jerry Revich downgraded Forterra to Neutral from Buy with an unchanged 12-month price target of $14.75. The analyst remains positive on Forterra's "operational improvement story" driven by a combination of improved commercial pricing practices and "lean" organizational improvement. However, he believes this thesis appears to be the consensus with the shares up 143% since his upgrade on August 7, 2019.
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